Very useful as are all your indicators.
Thank you for your selfless sharing.
Very useful as are all your indicators.
Thank you for your selfless sharing.
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thanks so much! have been looking for this indicator for a long time
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Good idea!
Thanks very much for creating and sharing this.
My only complaint is that the current stop is not plotted on the "active" candle, but instead lags one candle behind. I completely agree that ATR must be calculated for the n bars prior to the active candle. However, once a candle closes the new ATR can be calculated based upon n closed candles, and the stop calculated from the HH / LL or HC / LC (depending upon setting of "Use high and low"). So why not display the updated results on the open candle?
I was surprised that the COBC setting had no effect on whether or not the active candle had its stop displayed (as commonly occurs with SMA, etc.). For this indicator I guess there's no point in setting COBC = false, except in the case where "Reverse intra-bar" = true and the indicator could display on the active candle.